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Hinduja Group signs pact for joint development of Solar Energy in India with French Company

Hinduja Group is one of the largest diversified groups in the world spanning all the continents. The Group employs over 40,000 people and has offices in many key cities of the world and all the major cities in India. Merchant Banking and Trade were the first two businesses of the group. Since the company has diversified and is now active in Banking & Finance, Transport, Energy (Oil & Power) as well as the new economy of Technology, Media and Telecom.

According to reports in the media, the Hinduja Group  signed agreements with leading French firms for road infrastructure projects as well as development of solar energy in India.

The joint venture for development of road infrastructure projects was signed with France-based Vinci Group.

The company has declined to reveal the name of the French partner for the  joint development of solar energy for rural areas. However according to this report, sources in the know seem to believe that the company could be the French company Areva.

Areva has announced ambitious plans for the Solar CSP market in India and Panchabuta has discussed about it earlier here.

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